164 CapitaLand Ascendas REIT Notes to the Financial Statements 31 December 2025 10. Trade and Other Receivables Group Trust 2025 $’000 2024 $’000 2025 $’000 2024 $’000 Trade receivables, gross 32,928 31,690 2,335 1,982 Allowance for expected credit losses (3,990) (1,389) (650) (831) Trade receivables, net 28,938 30,301 1,685 1,151 Deposits 25,240 11,619 – – Interest receivables 1,120 4,954 191 2,995 Other receivables: - subsidiaries – – 27,881 44,811 - other related parties 1,566 36 1,532 - - non-related parties 85,910 53,509 11,198 11,276 - allowance for expected credit losses (1,669) (1,706) - - 85,807 51,839 40,611 56,087 141,105 98,713 42,487 60,233 Prepayments 26,984 23,101 10,552 9,101 168,089 121,814 53,039 69,334 Other receivables from subsidiaries are the interest receivables related to loans to subsidiaries, which is receivable on demand. The Group’s primary exposure to credit risk arises through its trade and other receivables. The Group has a credit policy in place and the exposure to credit risk is monitored on an ongoing basis. The maximum exposure to credit risk for trade receivables at reporting date considering expected credit losses, by operating segments, is as follows: Group Trust 2025 $’000 2024 $’000 2025 $’000 2024 $’000 Business Space and Life Sciences 1,608 6,023 427 305 Industrial and Data Centres 20,410 11,185 704 691 Logistics 6,920 13,093 554 155 28,938 30,301 1,685 1,151 The amounts represented in the table above are mainly secured by way of bankers’ guarantees, insurance bonds or cash security deposits held by the Group. As a result of the default in rental by tenants, $2,285,000 (2024 : $5,001,000) of cash security deposits were forfeited during the financial year.
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